The former Virgin Isle Hotel has been deeded to the Virgin Islands
government.
The owners stipulated that the once-posh, now derelict, hotel be used for a public purpose, said Kevin Rames, attorney for the consortium that owns the property.
The Maribe Hotel Corp. had a price tag of $4 million on the property but
had no acceptable offers, due to the location, according to the Daily News.
The hotel, which was destroyed nine years ago in Hurricane Hugo, is located
in Upper John Dunkoe near Altona.
Rames said the owners determined the location was more suited for a
government project, such as an office complex.
He said he could not project what the cost of rehabilitation might be or
whether the government would choose to rebuild or demolish the buildings.
The property in recent years has become a haven for vagrants, and neighbors have complained about its appearance and the activities it harbors.